IESE MiF Fees & Funding: Complete Cost Breakdown, Scholarships & Living Expenses

Overview

The Master in Finance (MiF) at IESE Business School is a full-time, intensive programme designed for early-career professionals and recent graduates aiming to build strong careers in investment banking, corporate finance, asset management, consulting, fintech, and related financial sectors.

IESE’s MiF combines rigorous financial training, analytical depth, and leadership development within a highly international learning environment. The programme places strong emphasis on ethics, decision-making, and practical application of finance concepts, ensuring graduates are well-prepared for global finance roles. This guide covers IESE MiF Fees.

IESE MiF Fees

IESE follows a transparent and standardised fee structure for all Master in Finance students, regardless of nationality.

MiF Fees

What the Tuition Fee Covers

The €52,000 tuition fee includes:

• All academic tuition for the MiF programme

  
  

• Teaching materials and academic resources

  
  

• Access to IESE facilities and campus services

  
  

• Career services and professional development support

Important Notes

• The €120 application fee is paid when submitting the online application.

  
  

• After receiving an offer, students must pay a €10,000 commitment fee to secure their place.

  
  

• The commitment fee is deducted from the total tuition, not added on top.

Payment Structure

A typical payment flow looks like this:

The remaining balance is paid before the programme begins.

Scholarships & Funding Explained

IESE offers scholarships and financial aid opportunities to support outstanding MiF candidates. These awards are based on merit, talent, and overall profile strength.

Key Points About IESE Scholarships

• Scholarships are competitive and limited

  
  

• Awards may cover a significant portion of tuition

  
  

• Candidates are considered based on:

  
  

  • Academic excellence

    
    

  • Professional potential

    
    

  • Leadership ability

    
    

  • Personal merit

In many cases, applicants are automatically considered for scholarships during the admissions process.

Additional Funding Options

IESE also provides access to financing solutions to help students manage tuition payments:

• Post-graduation payment aid schemes

  
  

• Bank and institutional education loans

  
  

• External scholarships and sponsorships

  
  

These options allow students to spread payments or reduce upfront financial pressure.

Cost of Living in Spain

Students typically live in Madrid or Barcelona, where IESE campuses are located. Living costs are generally lower than in cities like London or Paris, making Spain an attractive study destination.

Estimated Annual Living Costs

Actual costs depend on lifestyle, housing choice, and personal spending habits.

Total Estimated Cost of IESE MiF

This represents the typical overall cost to complete the IESE MiF.

Is the IESE MiF Worth the Investment?

The IESE MiF is positioned as a premium European finance programme offering:

• Strong academic reputation

  
  

• Intensive technical finance training

  
  

• International exposure

  
  

• Career support for global finance roles

  
  

With scholarship opportunities, financing options, and relatively moderate living costs in Spain, the programme delivers a competitive return on investment for candidates targeting high-impact finance careers.

Final Takeaway

The IESE Master in Finance requires a tuition investment of €52,000, plus living expenses. However, generous scholarship possibilities, flexible funding options, and Spain’s affordable cost environment make the programme financially accessible for high-potential candidates.

For students seeking rigorous finance education, strong career preparation, and international exposure, the IESE MiF represents a high-value investment in long-term career growth.